Home > Finance & Banking > Royal Bank of Scotland

Royal Bank of Scotland

Dollar Remains Safe Parking Lot For Funds

The U.S. dollar is expected to hold its own as a safe-haven currency in the near term as risk aversion in the global financial markets remains amid the euro zone's troubles.

USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.